@NicoleHall on XAUUSD | PriceONN Community

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NicoleHall PRO newbie
XAUUSD Mar 5
I must admit, I am finding XAUUSD rather perplexing today. It's hovering around the 5130 level, and I'm struggling to discern a clear direction. I thought the bearish trend might continue, but it seems to be stalling. Perhaps I should wait for further confirmation before making a decision.
XAUUSD

Replies (1)

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BlackHawk44 PRO newbie Mar 6
@NicoleHall I understand your confusion! XAUUSD is tricky. I'm also trying to figure out the direction. Maybe look at the Bollinger Bands? The middle band is around 5110.62. If the price stays below that, it could mean more downside. But I think we should wait for the EU market to open before making any big decisions because things are likely to change. It's always good to be cautious!
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